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GBP Trading Outlook

 

9.5.2012-7.5.2012 4.5.2012-30.4.2012 27.4.2012-23.4.2012 20.4.2012-16.4.2012 13.4.2012-9.4.2012 5.4.2012-2.4.2012 30.3.2012-27.3.2012 23.3.2012-19.3.2012 16.3.2012-12.3.2012 9.3.2012-5.3.2012 2.3.2012-27.2.2012 24.2.2012-20.2.2012 17.2.2012-13.2.2012 10.2.2012-6.2.2012 3.2.2012-30.1.2012 27.1.2012-23.1.2012 20.1.2012-16.1.2012 13.1.2012-9.1.2012 6.1.2012-2.1.2012 30.12.2011-26.12.2011 23.12.2011-19.12.2011 16.12.2011-12.12.2011 9.12.2011-5.12.2011 2.12.2011-28.11.2011 24.11.2011-21.11.2011 18.11.2011-14.11.2011 11.11.2011-7.11.2011 4.11.2011-31.10.2011 28.10.2011-24.10.2011 21.10.2011-17.10.2011 14.10.2011-10.10.2011 6.10.2011-3.10.2011 30.9.2011-26.9.2011 23.9.2011-19.9.2011 16.9.2011-12.9.2011 9.9.2011-5.9.2011 2.9.2011-29.8.2011 26.8.2011-22.8.2011 19.8.2011-15.8.2011 12.8.2011-9.8.2011 4.8.2011-2.8.2011 29.7.2011-25.7.2011 22.7.2011-18.7.2011 15.7.2011-11.7.2011 8.7.2011-4.7.2011 1.7.2011-28.6.2011 24.6.2011-20.6.2011 16.6.2011-13.6.2011 10.6.2011-6.6.2011 3.6.2011-30.5.2011 27.5.2011-23.5.2011 20.5.2011-16.5.2011 13.5.2011-9.5.2011 6.5.2011-2.5.2011 29.4.2011-25.4.2011 21.4.2011-18.4.2011 15.4.2011-11.4.2011 8.4.2011-4.4.2011 1.4.2011-28.3.2011 25.3.2011-21.3.2011 17.3.2011-14.3.2011 11.3.2011-8.3.2011 4.3.2011-28.2.2011 25.2.2011-21.2.2011 18.2.2011-14.2.2011 11.2.2011-7.2.2011 4.2.2011-31.1.2011 28.1.2011-25.1.2011 21.1.2011-17.1.2011 14.1.2011-10.1.2011 7.1.2011-3.1.2011 31.12.2010-29.12.2010 24.12.2010-20.12.2010 17.12.2010-13.12.2010 10.12.2010-6.12.2010

21th January

The Sterling (GBP) was sold back on weak stock markets with UK economic data also weighing. January CBI orders slipped to -16 vs. -3 forecast. Overall the GBP/USD traded with a low of 1.5835 and a high of 1.6013 before closing the day at 1.5910 in the New York session. Looking ahead, December Retail Sales are forecast at -0.3% vs. 0.3%.

20th January

The Sterling (GBP) orbited the 1.6000 level in light range trading with the market consolidating the recent rally. December Claimant Count was -4k vs. -1.2k previously and helped to support the pound as risk appetite waned. Overall the GBP/USD traded with a low of 1.5943 and a high of 1.6040 before closing the day at 1.5980 in the New York session. Looking ahead, January CBI Orders are forecast at -2 vs. -3 previously.

19th January

The Sterling (GBP) broke above 1.6000 after very hot CPI numbers at 3.7% vs. 3.3% previously y/y. The BOE is an inflation targeting central bank with 3% the upper limit and this is leading to speculation the bank will be forced to raise rates to contain inflation if CPI remains high this year. Overall the GBP/USD traded with a low of 1.5893 and a high of 1.6062 before closing the day at 1.5980 in the New York session. Looking ahead, December Claimant Count is forecast at 1.5k vs. -1.2k previously.

18th January

The Sterling (GBP) was strong testing above 1.5900 as EUR/GBP was sold off and GBP/JPY extended gains. Talk that the BOE might have to raise rates to fight stubborn inflation supported the market. Overall the GBP/USD traded with a low of 1.5833 and a high of 1.5957 before closing the day at 1.5915 in the New York session. December CPI is forecast at 0.75 vs. 0.4% previously m/m.

17th January

The Sterling (GBP) was extremely contained tracking the Euro and remaining strong above 1.5800. EUR/GBP is above 0.8400 after finding solid support at 0.8300 last week. Overall the GBP/USD traded with a low of 1.5816 and a high of 1.5888 before closing the day at 1.5862 in the New York session.

  Go to The Sterling (GBP) Archive